Hello Members!
In a threat about a trading-strategy, a professional trader was answering some questions for noobs like me.
Inside an answer, he was writing:
For myself, i start to think, it must be a great idea, to have some background-informations about the currency-pairs. Inside me was growing the idea, to do the same.
But I need your help.
Please, post here every information about the currency (e.g. above), for to collect & share.
I will start with an information i found in another thread:
And maybe the following PDF-Doc in the appendix can help, too.
In a threat about a trading-strategy, a professional trader was answering some questions for noobs like me.
Inside an answer, he was writing:
QuoteDislikedI have a spiral index card file for each currency pair which tells me the daily average ranges, news times, calendar holidays, how they trade in pairs either in unison or opposite and other information too.
For myself, i start to think, it must be a great idea, to have some background-informations about the currency-pairs. Inside me was growing the idea, to do the same.
But I need your help.
Please, post here every information about the currency (e.g. above), for to collect & share.
I will start with an information i found in another thread:
QuoteDislikedThe following dailyaverage ranges listed below were calculated on their daily high to lows. This was done from 5/2003 to 5/2006 which is a three year study.
Currency PairsDaily Ave. Range
EUR/USD 112
GBP/USD 145
USD/CHF 125
USD/JPY 97
AUD/USD 68
NZD/USD 71
Having this information helps in knowing the potential of movements.
And maybe the following PDF-Doc in the appendix can help, too.
Attached File(s)
Forex Report - When toTrade.pdf
270 KB
|
392 downloads
{Promotion Removed}